ABA DataBank: Existing home sales fell in July
ABA economists views the continued sluggish home sales as a headwind to mortgage demand. Slower turnover in the housing market may also dampen demand for residential construction loans and other forms of consumer credit associated with real estate transactions. The post ABA…
ABA economists views the continued sluggish home sales as a headwind to mortgage demand. Slower turnover in the housing market may also dampen demand for residential construction loans and other forms of consumer credit associated with real estate transactions. The post ABA…
BELLINGS Intelligence Score: 18
Why it matters
The decline in existing home sales is a routine economic data point signaling modest headwinds for mortgage demand and related credit sectors, but it does not represent a novel or systemic shift in credit markets.
Sources
ABA Banking Journal
ABA DataBank: Existing home sales fell in July
ABA economists views the continued sluggish home sales as a headwind to mortgage demand. Slower turnover in the housing market may also dampen demand for residential construction loans and other forms of consumer credit associated with real estate transactions. The post ABA…